Octagon Investment Partners XVII directed to redeem secured notes

By Sarah Lizee

Olympia, Wash., Feb. 14 – Octagon Investment Partners XVII, Ltd./Octagon Investment Partners XVII, LLC received direction from a majority of its subordinated noteholders to redeem all classes of its secured notes in whole from refinancing proceeds, according to a notice.

The notes will be redeemed on Feb. 28 at par plus accrued interest for the following redemption prices:

• $129,051,297.46 for the class A-1-R notes;

• $77,846,715.13 for the class A-2-R notes;

• $22,881.435.72 for the class A-3-R notes;

• $40,120,707.56 for the class B-1-R notes;

• $5,015,088.44 for the class B-2-R notes;

• $31,866,801.90 for the class C-R notes;

• $21,848,501.40 for the class D-R notes;

• $17,854,693.84 for the class E notes; and

• $9,310,237.23 for the class F notes.

The subordinated notes will not be redeemed on the redemption date.

U.S. Bank NA is the trustee.

New York-based Octagon Credit Investors, LLC is the collateral manager.

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